Record visitor arrivals during first 11 months of 2018 helping to boost Cayman Islands real estate market.

The Cayman Islands welcomed a record number of stayover visitors during the first 11 months of last year.

According to the Department of Tourism, the trio of islands recorded a new high of 410,984 stayover visitors for the 11-month period.

Cayman Islands - record stayover visitor arrivals during first 11 months of 2018

Cayman Islands – record stayover visitor arrivals during first 11 months of 2018

Visitor Arrivals to Cayman Islands Up 11.26% During First 11 Months of 2018

The figure for the first 11 months of 2018 represents an 11.26% increase on the total for the same period of 2017 (which amounted to 418,403).

It also represents the highest level of stayover visitors on record for that 11-month period and the best November on record.

“The incredible growth in arrivals we have seen in 2018 is a testament to the resilience of the Cayman Islands through strong stakeholder partnerships, high investor confidence and a national commitment to the development of our infrastructure,” commented Moses Kirkconnell, Deputy Premier and Minister for Tourism.

Growth Expected to Continue in 2019

Although data for December 2018 has not yet been released, at the time of publication the Minister expected this to break records too and for growth to continue this year.

“I look forward to ending the year with record-breaking arrivals and continuing this momentum through 2019,” he said.

Stayover Arrivals Up from Across the USA and Canada in November 2018

Arrivals from the USA rose by 10.43% in November 2018, including a 19.44% increase from the Southeast region supported by the launch of JetBlue’s daily service from Fort Lauderdale in October 2018.

Arrivals from other parts of the USA also saw significant increases, including 6.24% from the Northeast, 16.3% from the Southwest, 15.97% from the West Coast and 4.55% from the Midwest region.

Arrivals from Canada also performed well, rising 13.27% compared to November 2017.

Tourism Growth Driving Cayman Islands Real Estate Market

The surge in tourism and tremendous growth in stayover visitors has helped drive the real estate in the Cayman Islands market.

Real estate sales – particularly in the Seven Mile Beach area of Grand Cayman – have seen very positive growth in recent years as demand has rocketed.